Employee Benefits: Is Your Company Out of Touch?

Posted: 01/02/2016 by
Cox Purtell

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string(2055) "When I made the move from London to Sydney just over a year ago, it became apparent to me very quickly that benefit packages in Australia are not as common as they are in the UK.
In the UK, your salary is more often than not complimented by insurance of some variety, discretionary bonuses, work phone / laptop etc, not to mention annual leave of up to around 30 days per annum!
Employers see employee benefits as a costly exercise, however, there is increasing pressure on companies to offer additional perks to motivate employees and keep them happy. This, in turn, increases staff retention and reduces recruitment costs for the business – a win win situation for everyone. So why aren’t employers doing their bit?
I recently read an article by Joe Worth on how companies can offer benefits to their staff, which are not overly costly. The article, entitled “Little Extras That Make a Big Difference to Employees” describes small changes companies can make, for as little cost as possible. This includes; life insurance, dental plans, additional time off, flexible working conditions and the list goes on. Employers need to realise that by offering their staff preferential treatment and benefits, they are actually increasing productivity and ultimately profitability.
Cox Purtell caught my eye, when I was looking for a new job, as they have a #PerksAtWork campaign, which highlights what is great about working here. At the end of the day, when you ask a candidate what is most important to them, more often than not they say it is all about being in a good company with a great culture.
A positive culture is not an easy thing to achieve but employers can start by asking themselves this – what are we doing differently for our staff?"
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When I made the move from London to Sydney just over a year ago, it became apparent to me very quickly that benefit packages in Australia are not as common as they are in the UK.

In the UK, your salary is more often than not complimented by insurance of some variety, discretionary bonuses, work phone / laptop etc, not to mention annual leave of up to around 30 days per annum!

Employers see employee benefits as a costly exercise, however, there is increasing pressure on companies to offer additional perks to motivate employees and keep them happy. This, in turn, increases staff retention and reduces recruitment costs for the business – a win win situation for everyone. So why aren’t employers doing their bit?

I recently read an article by Joe Worth on how companies can offer benefits to their staff, which are not overly costly. The article, entitled “Little Extras That Make a Big Difference to Employees” describes small changes companies can make, for as little cost as possible. This includes; life insurance, dental plans, additional time off, flexible working conditions and the list goes on. Employers need to realise that by offering their staff preferential treatment and benefits, they are actually increasing productivity and ultimately profitability.

Cox Purtell caught my eye, when I was looking for a new job, as they have a #PerksAtWork campaign, which highlights what is great about working here. At the end of the day, when you ask a candidate what is most important to them, more often than not they say it is all about being in a good company with a great culture.

A positive culture is not an easy thing to achieve but employers can start by asking themselves this – what are we doing differently for our staff?